Yin He Holdings Limited board of directors announced that, based on the preliminary assessment of the unaudited consolidated management accounts of the Group for the six months ended 30 September 2019 and the information currently available, the Group is expected to record a significant decrease in the net profit for the Period of approximately 40%, as compared with a net profit of approximately HKD 17,875,000 recorded for the corresponding period in 2018. Such loss was primarily attributable to the decrease in the revenue and profit of the Group's loan facilitation business due to the downturn in the P2P lending market in mainland China.